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In today's world, precious stones are not only the necessities to beautify people's lives, but also high-quality, high-end precious stones have become a much more expensive hard currency than gold. Because in recent years the development of gem industry in many countries has achieved great economic benefits, many countries and regions have paid more and more attention to the development, processing and utilization of gemstone resources. Understanding the current status of the domestic and international gemstone industry and adopting new measures can achieve greater economic benefits under the fiercely competitive reality. First, the status of foreign gem industry According to reports, in 1989 the amount of international trade in gemstone jewelry has reached 78 billion US dollars. For the sake of domestic economic interests, gemstone-producing countries adopt new policies that prohibit the export of raw materials, while consumer countries or processing countries that lack raw materials adopt new measures to reduce import taxes to obtain gem raw materials. In today's world, the gem trade has seen a significant change in economic structure. l. Problems with raw materials: Gemstone raw materials are mainly produced in developing countries. The output of high-quality gemstones has dropped drastically and supply exceeds supply; low-grade raw materials require technical optimization. Diamonds are mainly produced in Australia, Africa, and the Soviet Union. From 1984 to 1987, the world’s diamonds grew by 42%, from 64.87 million carats to 90.7 million carats, among them. About 20% are gem-quality diamonds. Although the annual output of diamonds has a growth rate of 14%, it is still unable to meet the market demand. One of the main reasons is that the De Beers Corporation controls the production and sales. Ruby: In 1987, Myanmar opened up a new ruby ​​mining area, producing a small amount of high-grade materials, which is in short supply. A small amount of ruby ​​in Sri Lanka is unpopular because of its bluish tint.